On January 7, 1986, by Executive Order 12543, President Reagan
declared a national emergency to deal with the unusual and
extraordinary threat to the national security and foreign policy of the
United States constituted by the actions and policies of the Government
of Libya. On January 8, 1986, by Executive Order 12544, the President
took additional measures to block Libyan assets in the United States.
The President has transmitted a notice continuing this emergency to the
Congress and the Federal Register every year since 1986.

The crisis between the United States and Libya that led to the
declaration of a national emergency on January 7, 1986, has not been
resolved. Despite the United Nations Security Council's suspension of
U.N. sanctions against Libya upon the Libyan government's hand-over of
the Pan Am 103 bombing suspects, Libya has not yet complied with its
obligations under U.N. Security Council Resolutions 731 (1992), 748
(1992), and 883 (1993), which include Libya's obligation to accept
responsibility for the actions of its officials and pay compensation.

Therefore, in accordance with section 202(d) of the National
Emergencies Act (50 U.S.C. 1622(d)), I am continuing for 1 year the
national emergency with respect to Libya. This notice shall be
published in the Federal Register and transmitted to the Congress.